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Friday, December 31, 2010

CacheLog secures another long-term end-user

CacheLog secures another long-term end-user:
Key Points
  • A highly regarded multinational corporation has committed to occupy approximately 280,000 sq ft, representing over 12% of the gross floor area, at CWT Commodity Hub for approximately nine years. 
  • The commitment means certainty of occupancy for the specific premises for four years beyond the present master lease. 
  • The agreement to lease from April 2015 to April 2019 has a rental value of S$20.0 million and is inclusive of additional rent for end- user specific asset enhancement works to be funded by Cache.
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